In August 2025, Mexico’s industrial activity registered its third consecutive contraction, falling 0.3% monthly, according to information from the National Institute of Statistics and Geography (INEGI) .
A complex economic environment, resulting from U.S. trade policy, as well as a decline in the construction and mining sectors , framed the decline in industrial activity in the eighth month of the year, according to figures from the Monthly Industrial Activity Indicator (IMAI) .
According to Inegi, this indicator also fell in its annual measurement, registering a decrease of 2.7 percent .
Two of the four components that make up the IMAI declined during the period. Construction fell 2.2%, and mining fell 0.7% monthly.
On the other hand, manufacturing industries grew by 0.2%, and the generation, transmission, distribution, and marketing of electric power, water supply, and natural gas pipelines to end consumers grew by 1.3%.
On an annual basis , all four components registered declines. Mining fell 7%; construction 3.2%; generation, transmission, distribution, and marketing of electric power, water supply, and natural gas pipelines to the final consumer 2.4%; and manufacturing 1.7%.
Mexican industrial activity in August showed mixed performance across its components, with the manufacturing industry recovering compared to last July, when it declined 1.6% monthly.
According to BBVA Research , this sector remains the backbone of foreign trade , representing nearly 90% of exports by the first half of 2025. This reflects the fact that, despite the decrease in the IMAI in the eighth month of the year, the country’s industry remains resilient to global trade changes.
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